Actpay users will now be getting the above message when they start the program. This message and other messages were embedded in the software to make sure that the users update their software when the time comes. We had experience in previous years where users did not update critical software updates.
The reason for this update is due to the new budget after the elections. Parliament has amended the PCB tax structure, but it has not been gazetted yet. Until this happens the new tax calculations will not come into affect. We are currently waiting for LHDN to confirm when the new calculations come into affect.
Unfortunately LHDN is not able to give us a firm date, despite repeated queries and Actpay now requires a update to continue working.
This amendment provides clarification in relation to Budget 2023. Amendments for computerised calculation method of Monthly Tax Deduction (MTD) 2023 are as follows
REVIEW OF INCOME TAX RATES AND INCOME TAX STRUCTURE
Income Tax for Resident Individual
Presently, the income tax for resident individual taxpayer is calculated based on scale rates ranging from 0% to 30% with the maximum rate of 30% being applicable to the chargeable income band RM2,000,000 and above.
It is proposed that tax rates for tax resident individuals for the following chargeable income bands will be reduced by two percents:
- RM35,001 to RM50,000 (-2%)
- RM50,001 to RM70,000 (-2%)
- RM70,001 to RM100,000 (-2%)
It is proposed that tax rates for tax resident individuals for the following chargeable income bands will be increased by between 0.5 to two percents:
- RM100,001 to RM250,000 (1%)
- RM250,001 to RM400,000 (0.5%)
- RM400,001 to RM600,000 (1%)
- RM600,001 to RM1,000,000 (2%)
|P (RM)||M (RM)||R (%)||B|
Category 1 & 3 (RM)
Category 2 (RM)
|5,001 – 20,000||5,000||1||– 400||– 800|
|20,001 – 35,000||20,000||3||–250||–650|
|35,001 – 50,000||35,000||6||600||600|
|50,001 – 70,000||50,000||11||1,500||1,500|
|70,001 – 100,000||70,000||19||3,700||3,700|
|100,001 – 400,000||100,000||25||9,400||9,400|
|400,001 – 600,000||400,000||26||84,400||84,400|
|600,001 – 2,000,000||600,000||28||136,400||136,400|
Please login and go to “https://actpayroll.com/my-account/downloads/” to download the latest version, Release 91.
Download and Run “SetupActPay30-23-1091.exe”
If you have not changed your default folder, that is all you have to do. Always backup data before installing just in case.
If you have changed your Actpay folder and are not able to install it this way, install it to “C:” drive as normal. Then copy the following 2 files to your Actpay folder.
Actpay has been set to default to the new PCB Calculations in July 2023. This will be done automatically. In case there is a delay and the new PCB Calculations only come into affect later than this, will have to change the settings in “2023 PCB Update” at the Setup screen as shown below. Please chat with us if you face any problems.
Please chat with us if you face any problems.